The period of consolidation at lower level started in BTC. Traders can easily make money in range bound market,since you know the two extremes. enjoy trading
Bitcoin broke the trend line, is it a trap? or a true breakdown?
Yes, you guess it right there are two illustrated Honeymoon plans on the chart with your 'Honey' Crypto. As you see the chart from the recent All-Time High from 64000 to the Last Swing High 18992 in December 2017 before Big Monster Bull Run started after the breakout in October 2020, now we have already retraced 78.6% at 28815 during this recent 'Fatal Crash'...
Here is my analysis for a short term bearish BTC. BTC bearish momentum has been due to fundamental data. I will post my bullish outlook, my short term biases changes due to price action however medium term and long term im bullish on crypto
thought i'd get this to you all before the real fun begins. i do believe we're nearing the end of this wave (a), and we will soon begin wave (b) - nicknamed the suckers rally. newer investors who attempt to play with leveraged longs will probably not sell in time and create a nice liquidation event on the way down. most people develop some sort of emotional...
Dear readers, Many thanks for checking out my second ever post on TradingView! Checking out the patterns and the bigger pictures, it looks like we are due for more correction. Recently Bitcoin has been forming different bearish patterns and it does not look healthy at all. Also, even during the rise where we visited 34 000 35 000 levels, Bitcoin seemed weak and...
break or fly? What do you think?
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Bitcoin is up a small 1% today as it battles to get back above $33,000. The cryptocurrency fell beneath a short-term symmetrical triangle pattern this week as the bulls fail to maintain the consolidation. All eyes rest on $30K for medium-term support. Bitcoin is down a small 1.3% on the week as it returns back to around $32,800. The cryptocurrency was...
I think BTCUSDT correction is finished and a new wave have been created, So I expected to decline the price.price has formed a triangle and now it bounces to previews support acted as a resistance now.Go short.. 30300 is fisrt support. Good Luck Guys
Bitcoin path is mentioned on the chart, It broke an important trend line yesterday and will drop more after a pullback. Please press like button and share with your mates Good luck
We're in a bit of a consolidation phase here on with a Touch & Go off the lower trend, now on our way on a bullish run. What we do after we reach the upper trend will give us an idea of how our Friday morning will go. We very easily could hit the upper resistance & have a large pullback to test our previous lower resistance.
Please support this idea with a LIKE👍 if you find it useful🥳 We all fail to see the bigger picture of where price will eventually break out to, if a breakout from the triangle occur. Price is in a triangle, making effort to breakout but the upper trendine is serving as strong resistance which is pulling price down. We also have a trendline serving as support...
BTC IN RANGE AFTER ANY BREAK OPEN YOUR POSITION... BE CAREFUL ... TRADE SAFE
BTCUSD STILL IN DECISIVE ZONE , STUCKED IN BETWEEN GOING TO $70K OR DOWN TO $10K. . HOWEVER BITCOIN IS ON A MINOR PRICE ACTION SUPPORT THAT WILL TAKE IT TO $42-48K . THE GOOD NEWS IS IF BITCOIN BREAKS $48K TO $49-50K WE WILL HEAD TO $70K OR MORE BUT IF BITCOIN REJECTS THE $42-48K AND REVERSES IT WILL HIT THE ROCK BOTTOM OF $10K . MAKE SURE TO USE GOOD MONEY/RISK...
This is a very simple chart, showing the ratio of Bitcoin price to the S&P 500 index. Historically, purchasing Bitcoin instead of buying into SPX has been a good idea near this yellow trendline, even if it drops below briefly, as it did during the COVID crash. You can observe that the break of the yellow downtrend in 2020 resulted in a massive period of...
What is the current forecast? Brief update on Bitcoin BTCUSD After the massive sell-off of over 8%, a first attempt at stabilization was made within the lower limit. Should the 32,100 mark be attacked again, however, a further downward impulse to initially USD 30,000 is to be expected. If at this point in time there is again no dominance of demand on the field,...
Bitcoin - Intraday - We look to Buy at 31606 (stop at 30588) Dips continue to attract buyers. We look to buy dips. Daily pivot is at 31000. We look for a temporary move lower. Support is located at 31000 and should stem dips to this area. Our profit targets will be 34598 and 35598 Resistance: 34500 / 35500 / 36500 Support: 32700 / 31600 / 31000